Covenant Logistics COO exercises 6,073 RSUs
Accepted by SEC EDGAR
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Form Type
4
Rhea-AI Filing Summary
Covenant Logistics Group EVP and COO Dustin Koehl exercised previously granted restricted stock units into 6,073 shares of Class A common stock on July 1, 2026. In connection with the vesting, 1,480 shares were withheld at $44.83 per share to cover tax obligations, with the balance added to his direct holdings.
Insider Trade Summary
6,073 shares exercised/converted
Exercise
6 txns
Insider
Koehl Dustin
Role
EVP and COO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 2,820 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units | 3,253 | $0.00 | $0.00 |
| Exercise | Class A Common Stock | 2,820 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Class A Common Stock | 687 | $44.83 | $31K |
| Exercise | Class A Common Stock | 3,253 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Class A Common Stock | 793 | $44.83 | $36K |
Holdings After Transaction:
Restricted Stock Units — 9,328 units (Direct);
Class A Common Stock — 6,726 shares (Direct)
Holdings Before and After:
Restricted Stock Units, 15,401 to 9,328 units (Direct);
Class A Common Stock, 2,133 to 6,726 shares (Direct)
Footnotes (4)
- F1. Each restricted stock unit ("RSU") represents the previously granted contingent right to receive one share of Class A common stock.
- F2. Represents the number of shares deemed withheld to satisfy tax withholding obligations upon vesting of RSUs previously granted to the Reporting Person.
- F3. Represents RSUs previously granted under the Third Amended and Restated 2006 Omnibus Incentive Plan, as amended. The RSUs vest in three equal annual installments beginning July 1, 2025, subject to certain vesting, forfeiture, and termination provisions.
- F4. Represents RSUs granted under the Third Amended and Restated 2006 Omnibus Incentive Plan, as amended. The RSUs vest in three equal annual installments beginning July 1, 2026, subject to certain vesting, forfeiture, and termination provisions.
Key Figures
RSU exercises: 6,073 shares
Tax-withheld shares: 1,480 shares
Tax withholding price: $44.83 per share
+4 more
7 metrics
RSU exercises
6,073 shares
Total shares from RSU exercises reported on July 1, 2026
Tax-withheld shares
1,480 shares
Shares deemed withheld to satisfy tax obligations
Tax withholding price
$44.83 per share
Value used for tax-withholding dispositions of Class A common stock
Single F transaction size 1
793 shares
One tax-withholding disposition in Class A common stock
Single F transaction size 2
687 shares
Second tax-withholding disposition in Class A common stock
Single M exercise size 1
3,253 shares
One non-derivative entry from derivative exercise into common stock
Single M exercise size 2
2,820 shares
Second non-derivative entry from derivative exercise into common stock
Key Terms
Restricted Stock Units, RSU, tax withholding obligations, Third Amended and Restated 2006 Omnibus Incentive Plan, +1 more
5 terms
Restricted Stock Units financial
"security_title: "Restricted Stock Units" with underlying Class A common stock"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
RSU financial
"Each restricted stock unit ("RSU") represents the previously granted contingent right"
Restricted stock units (RSUs) are a form of company shares given to employees as part of their compensation, usually with certain restrictions or conditions, such as remaining with the company for a set period. When these restrictions lift, employees receive actual shares that they can sell or hold. For investors, RSUs can impact a company's stock supply and reflect the company's commitment to attracting and retaining talent.
tax withholding obligations financial
"Represents the number of shares deemed withheld to satisfy tax withholding obligations"
Third Amended and Restated 2006 Omnibus Incentive Plan financial
"Represents RSUs granted under the Third Amended and Restated 2006 Omnibus Incentive Plan, as amended."
vesting, forfeiture, and termination provisions financial
"The RSUs vest in three equal annual installments ... subject to certain vesting, forfeiture, and termination provisions."
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did CVLG executive Dustin Koehl report?
EVP and COO Dustin Koehl reported exercising previously granted restricted stock units into 6,073 shares of Class A common stock. The filing also shows related tax withholding dispositions where some of the newly issued shares were retained by the company to satisfy tax obligations.
Were Dustin Koehl’s CVLG transactions open-market buys or sells?
The transactions were not open-market buys or sells. They reflect RSU vesting and exercises, with related tax-withholding dispositions. Code M entries show derivative exercises, while code F entries represent shares withheld to cover tax liabilities, rather than discretionary market trading.
What type of equity awards did CVLG grant to Dustin Koehl?
The filing references restricted stock units, or RSUs, previously granted under Covenant Logistics’ Third Amended and Restated 2006 Omnibus Incentive Plan. These RSUs convert into shares of Class A common stock as they vest, subject to specified vesting, forfeiture, and termination provisions.
How do Dustin Koehl’s RSUs in CVLG vest over time?
Footnotes explain that certain RSU grants vest in three equal annual installments. One grant begins vesting on July 1, 2025, and another on July 1, 2026, each subject to vesting, forfeiture, and termination provisions under the company’s omnibus incentive plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.
